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A project has the following cash flows. Assume an interest rate of 12%. What is the Equivalent Annual Annuity? Year Cash Flow 0 -$13,260 1

A project has the following cash flows. Assume an interest rate of 12%. What is the Equivalent Annual Annuity?

Year	Cash Flow
0	-$13,260
1	$6,673
2	$8,142
3	$6,609
4	$4,096

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